Strategic Advisory Services offers wealth management services by helping clients allocate assets and selecting other money managers to manage their portfolios. They gather information about your financial situation and goals to recommend third-party money managers. Strategic Advisory Services monitors the performance of these managers to ensure they align with your investment goals. Financial planning is included with asset management services at no additional fee.
Fee Structure
Strategic Advisory Services does not directly manage your investments. Instead, they recommend third-party money managers (TPMMs) to manage your portfolio. You will pay the TPMM's fees, which are separate from Strategic Advisory Services' fees. Strategic Advisory Services' fee is based on a percentage of the assets managed by the TPMM.
There are two fee schedules:
Fee Schedule A: Includes investment policy statement, asset allocation, investment management, retirement distribution planning, and comprehensive financial planning.
Fee Schedule B: Includes investment policy statement, asset allocation, investment management, and retirement distribution planning.
Strategic Advisory Services also participates in the Managed Accounts Program through SEI Investments, where SEI manages assets based on a strategy selected with the client's input. SEI's fees are in addition to Strategic Advisory Services' fees.